As the economy improves and recruiting top talent becomes more difficult, focus on employee referrals. They routinely produce the highest volume and quality of hire. If you are getting less than 40 percent of your hires from your employee referral program, here are the top 10 actions that I have found will dramatically improve your ERP results.
If you expect great results, in addition to providing some of the above advanced features and best practices, you must consciously avoid the following 14 “referral program killers” that can instantly damage your results.
I have been developing and researching employee referral programs for over 20 years and during that time I have unfortunately found that although most firms have referral programs, the majority are poorly designed and are not data-driven. As a result, I urge program leaders to stop relying on old practices and instead use data to identify the referral-program elements that have the highest impact on hiring volume and quality. Instead of guessing, you need to know the highest impact actions and the elements that kill program results.